S&P 500 (SNPINDEX:^GSPC) rose 0.30% to 7,405.73 and the Nasdaq Composite (NASDAQINDEX:^IXIC) climbed 0.86% to 25,929.66 as tech stocks began to recover from Friday’s rout. The Dow Jones Industrial Average (DJINDICES:^DJI) slipped 0.16% to 50,786.01 as cyclicals lagged.
S&P 500 (SNPINDEX:^GSPC) rose 0.30% to 7,405.73 and the Nasdaq Composite (NASDAQINDEX:^IXIC) climbed 0.86% to 25,929.66 as tech stocks began to recover from Friday’s rout. The Dow Jones Industrial Average (DJINDICES:^DJI) slipped 0.16% to 50,786.01 as cyclicals lagged.
For the past several years, the market has associated Eli Lilly (NYSE: LLY) with one thing: obesity. Its blockbuster weight-loss drug Zepbound and diabetes treatment Mounjaro have transformed the company, helping drive annual revenue from $34.1 billion in 2023 to more than $65.2 billion in 2025. But it would be foolish to ignore the elephant in the room: What's next after GLP-1 and obesity treatme...
For the past several years, the market has associated Eli Lilly (NYSE: LLY) with one thing: obesity. Its blockbuster weight-loss drug Zepbound and diabetes treatment Mounjaro have transformed the company, helping drive annual revenue from $34.1 billion in 2023 to more than $65.2 billion in 2025. But it would be foolish to ignore the elephant in the room: What's next after GLP-1 and obesity treatments? Lilly may have just provided part of the answer. Image source: Getty Images. Continue reading
Never miss an episode. Follow The Big Take daily podcast today. The field for the 2026 US midterm elections is coming into focus, with key primaries this week in Maine and South Carolina, as well as bellwether state elections in California. On today’s Big Take podcast, hosts Sarah Holder and David Gura check in with political correspondent Nancy Cook and California reporter Eliyahu Kamisher about ...
Never miss an episode. Follow The Big Take daily podcast today. The field for the 2026 US midterm elections is coming into focus, with key primaries this week in Maine and South Carolina, as well as bellwether state elections in California. On today’s Big Take podcast, hosts Sarah Holder and David Gura check in with political correspondent Nancy Cook and California reporter Eliyahu Kamisher about what this week’s results — and the next five months — mean for midterm elections with the potential to profoundly shape US politics. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Listen and follow The Big Take on Apple Podcasts , Spotify or wherever you get your podcasts. Terminal clients: Visit NSUB to subscribe. This episode was produced by: Julia Press; Editors: Jeffrey Grocott; Fact-checker: Laura Newcombe; Sound Design/Engineer: Alex Sugiura; Senior Producer: Naomi Shavin; Senior Editor: Elisabeth Ponsot; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer.
Key PointsOil prices are highly sensitive to the conflict in the Middle East because the longer it lasts the longer traffic will remain depressed in the Strait of Hormuz.
Key PointsOil prices are highly sensitive to the conflict in the Middle East because the longer it lasts the longer traffic will remain depressed in the Strait of Hormuz.
Campbell's CEO Serves Up Warning For Restaurants As "Resilient" At-Home Cooking Trend Gains Steam There is not much to get excited about in canned-soup maker Campbell's third-quarter results, with sales slumping and softness in its snack unit weighing on performance. But one revealing detail from management's earnings call earlier on Monday offers a broader read-through on the consumer: households...
Campbell's CEO Serves Up Warning For Restaurants As "Resilient" At-Home Cooking Trend Gains Steam There is not much to get excited about in canned-soup maker Campbell's third-quarter results, with sales slumping and softness in its snack unit weighing on performance. But one revealing detail from management's earnings call earlier on Monday offers a broader read-through on the consumer: households may be spending much more time cooking at home and pulling back from restaurants in the second half of the year. The canned-soup maker reaffirmed its full-year outlook, but Wall Street analysts were muted on the third-quarter results. BNP Paribas Max Gumport told clients that two key concerns remain: Campbell's ability to stabilize organic sales in the snack unit and to navigate another year of elevated inflation. He noted the quarterly beat was driven largely by SG&A and below-the-line items, while the guidance reaffirmation was partly supported by an expected fourth-quarter tariff refund benefit. Third-quarter adjusted EPS printed at 50 cents, beating the 48-cent Bloomberg Consensus estimate but down from 73 cents in the same period one year ago. Net sales fell 4.4% to $2.37 billion, slightly below estimates. Organic net sales declined 4%, worse than the 3.3% drop analysts tracked by Bloomberg expected, with both meals & beverages and snacks down 4%. Margins remained pressured. RBC Capital analyst Nik Modi said, "The company is navigating a challenging environment marked by inflation-driven margin headwinds and tariff impacts, which compressed adjusted gross margins by -240 bps points." Campbell's still expects full-year adjusted EPS of $2.15 to $2.25, versus the Bloomberg Consensus of $2.17, and organic net sales to fall 1% to 2%, versus the estimate of -2.14%. Notice how Campbell shares were crushed in the era of food inflation. After the earnings release, Campbell's held an analyst call. David Palmer, senior managing director and head of restaurant and food producers ...
OpenAI filed confidentially for an IPO, as the ChatGPT maker looks to join artificial intelligence rivals tapping public markets to fund ambitious growth plans. The Sam Altman -led firm submitted paperwork for an initial public offering with the US Securities and Exchange Commission, the company said. OpenAI is working with Goldman Sachs Group Inc. and Morgan Stanley on a potential listing as soon...
OpenAI filed confidentially for an IPO, as the ChatGPT maker looks to join artificial intelligence rivals tapping public markets to fund ambitious growth plans. The Sam Altman -led firm submitted paperwork for an initial public offering with the US Securities and Exchange Commission, the company said. OpenAI is working with Goldman Sachs Group Inc. and Morgan Stanley on a potential listing as soon as in the fall, people familiar with the matter have said . Deliberations are ongoing and details of the IPO plan could change. “We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company,” the company said. “But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.” Founded more than a decade ago, OpenAI kicked off the generative AI boom with the release of ChatGPT in late 2022. Though the company and its flagship chatbot remain synonymous with AI for many people, OpenAI also faces a number of challenges, including heightened competition from Anthropic PBC and Alphabet Inc. ’s Google. OpenAI reportedly missed certain internal revenue and user growth targets. Several key executives have departed or stepped back from their roles. And the company has been working to streamline its sprawling product lineup. A public debut in 2026 would also pit Altman squarely against Elon Musk on a different plane than the failed lawsuit against OpenAI and its CEO. SpaceX, Musk’s rocket, satellite and AI firm, is targeting an IPO raising more than $75 billion at a more than $2 trillion valuation as soon as June, Bloomberg News has reported. Read More: SpaceX Is Planning to Buy Startup Cursor 30 Days After IPO OpenAI has already dwarfed even SpaceX’s IPO in a single funding round. The company completed a deal to raise $122 billion from investors at an $852 billion valuation. AI companies are racing to raise tens of billions of dollars to buy chips and data ce...
Ingredion Inc. agreed to buy Tate & Lyle Plc for £2.7 billion ($3.6 billion), and will end the UK company’s near-century listing on the London Stock Exchange. Ingredion Chief Executive Officer James Zallie says the US company paid a "fair" premium and this deal creates an ingredients "powerhouse." He speaks on "Bloomberg The Close." (Source: Bloomberg)
Ingredion Inc. agreed to buy Tate & Lyle Plc for £2.7 billion ($3.6 billion), and will end the UK company’s near-century listing on the London Stock Exchange. Ingredion Chief Executive Officer James Zallie says the US company paid a "fair" premium and this deal creates an ingredients "powerhouse." He speaks on "Bloomberg The Close." (Source: Bloomberg)
Nebius Group recently committed about £1.70 billion to expand its UK footprint with three new NVIDIA-powered AI infrastructure deployments, adding 65 MW of capacity by 2027 and deepening its London commercial and R&D hub to support enterprises, researchers, and public services. This UK build-out, aligned with the government’s AI Opportunities Action Plan and anchored by customers already running p...
Nebius Group recently committed about £1.70 billion to expand its UK footprint with three new NVIDIA-powered AI infrastructure deployments, adding 65 MW of capacity by 2027 and deepening its London commercial and R&D hub to support enterprises, researchers, and public services. This UK build-out, aligned with the government’s AI Opportunities Action Plan and anchored by customers already running production workloads, underlines Nebius’s ambition to be a key AI cloud provider for regulated...
Gilnature/iStock via Getty Images Voyager Technologies, Inc. ( VOYG ) is gaining momentum as three major programs are set to launch over the coming years across civil, commercial, and defense. With Starlab beginning commercialization with plans to launch later in the decade or in the 2030s, Voyager may realize a substantial uplift in commercial revenue given the early demand for the program. In ci...
Gilnature/iStock via Getty Images Voyager Technologies, Inc. ( VOYG ) is gaining momentum as three major programs are set to launch over the coming years across civil, commercial, and defense. With Starlab beginning commercialization with plans to launch later in the decade or in the 2030s, Voyager may realize a substantial uplift in commercial revenue given the early demand for the program. In civil, the Artemis and CLPS programs are set to accelerate their respective launch cadences in 2027 to deliver robotics and habitable infrastructure to develop a lunar base. As for defense, the Golden Dome program is gaining momentum for missile interception and may deliver increased investments over the coming years as the defense budget is set to expand to $1.5t in 2027 . With operations covering these three major growth markets, I believe Voyager is well positioned to realize substantial growth over the coming years, supporting VOYG shares’ relatively high trading premium of 14.68x price/sales. Given the high-growth catalysts, I am recommending VOYG shares with a Strong Buy rating and a price target of $67/share at 5.55x eFY28 price/sales. Voyager Technologies Operational Update Voyager has had a strong start to eFY26 with strong backlog growth, earning the company a book-to-bill ratio of 1.3x in Q1 ’26 . Accordingly, Voyager booked $45mm in the quarter to result in an ending backlog of $275mm, largely reflective of contract awards associated with the Golden Dome program as well as an award for a private astronaut mission to the International Space Station [ISS]. Voyager has received a number of missile interception-related contracts as part of the Golden Dome program and in collaboration with Raytheon ( RTX ). In addition to this, Voyager has recently partnered with Anduril to develop space-based interceptors as part of the Golden Dome program. In late May 2026 , Voyager was awarded the DARPA Burn n’ Go Phase 2 contract valued at $16.5mm. As part of the contract, Voyager ...
In this article GOOGL Follow your favorite stocks CREATE FREE ACCOUNT OpenAI CEO Sam Altman attends an event to pitch AI for businesses in Tokyo, Feb. 3, 2025. Kim Kyung-hoon | Reuters OpenAI has confidentially filed for an IPO with the Securities and Exchange Commission, joining the party a week after Anthropic did the same and days before Elon Musk's SpaceX is set to hit the public market. The a...
In this article GOOGL Follow your favorite stocks CREATE FREE ACCOUNT OpenAI CEO Sam Altman attends an event to pitch AI for businesses in Tokyo, Feb. 3, 2025. Kim Kyung-hoon | Reuters OpenAI has confidentially filed for an IPO with the Securities and Exchange Commission, joining the party a week after Anthropic did the same and days before Elon Musk's SpaceX is set to hit the public market. The artificial intelligence company, which is valued at more than $850 billion , has been gearing up to go public as soon as the fourth quarter of this year. A confidential filing allows the company to submit its financials to regulators for review before they're made available to the public and prospective investors. OpenAI CFO Sarah Friar told CNBC in April that it's "good hygiene" for a business of OpenAI's size to "look and feel and act" like a public company, but she wouldn't comment on a specific IPO timeline. OpenAI said Monday it hasn't decided on timing. The company has been working with banks including Goldman Sachs and Morgan Stanley on the filing, as CNBC previously reported . They're the two firms listed at the top of SpaceX's filing. Read more CNBC tech news Model routing is a fix for AI overspending. That's a problem for OpenAI and Anthropic Trump administration, OpenAI discussing possible government stake in the AI startup Apple WWDC: Tim Cook's AI legacy at stake in his final developer conference as CEO Alphabet is seeking fresh capital as stock's 4-week losing streak tests investor appetite OpenAI rocketed into the mainstream following the launch of its ChatGPT chatbot in 2022, and has since ballooned into one of the most valuable private companies in the world. ChatGPT now supports more than 900 million weekly active users, but OpenAI faces increasingly stiff competition from rivals like Anthropic , Google and Elon Musk's SpaceX, which merged with xAI earlier this year. SpaceX kicked off a roadshow last week. OpenAI, Anthropic and Google are all named as some ...
Alphabet plans to use Intel to manufacture over 3 million custom AI chips in 2028. The move shifts a portion of Alphabet’s Tensor Processing Unit production away from TSMC due to capacity constraints. This is the first time Alphabet will rely on Intel as a contract manufacturer for its proprietary AI hardware. The agreement reshapes parts of the global semiconductor supply chain and highlights ris...
Alphabet plans to use Intel to manufacture over 3 million custom AI chips in 2028. The move shifts a portion of Alphabet’s Tensor Processing Unit production away from TSMC due to capacity constraints. This is the first time Alphabet will rely on Intel as a contract manufacturer for its proprietary AI hardware. The agreement reshapes parts of the global semiconductor supply chain and highlights rising competition in AI chip sourcing. Alphabet, trading as NasdaqGS:GOOGL, is committing...
Meta is investing $115 million to stand up a new training program for data center technician jobs, as the social media giant races to build the infrastructure to power its AI ambitions. The cost-free program, America's Workforce Academy, will end in guaranteed job offers to graduates, the company said in a statement. A Meta spokesperson said the program will provide generalist training for data...
Meta is investing $115 million to stand up a new training program for data center technician jobs, as the social media giant races to build the infrastructure to power its AI ambitions. The cost-free program, America's Workforce Academy, will end in guaranteed job offers to graduates, the company said in a statement. A Meta spokesperson said the program will provide generalist training for data center technicians.